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Groupe Heafey, Boless acquire Gatineau office tower
Groupe Heafey, Boless acquire Gatineau office tower
Groupe Heafey has increased its presence in Gatineau, Que. by partnering with Boless on the $18.5-million acquisition of a 15-storey, fully-leased office property at 200 Blvd. Sacre-Coeur.
U.K. portfolio sale puts $690M dent in Northwest's debt: CEO
Northwest Healthcare Properties REIT’s (NWH-UN-T) sale of its U.K. portfolio substantially reduces its debt and positions the REIT for sustained growth and success in the coming quarters, says CEO Craig Mitchell.
Medallion announces six new GTA rental buildings
While GTA housing starts continue to falter, Medallion Corporation has announced plans to start construction on six new rental buildings on four sites across the region by early 2025. Medallion will build 1,500 units in Toronto, Ajax and Oshawa.
RE investing has taken a hit, but not all markets are the same
The striking oversimplification of investing themes and sectors is nowhere more prevalent than in the column inches and bandwidth devoted to real estate, which is often depicted as a monolithic investment that is uniform across all geographies, sectors and investors.
Controversial ruling allows B.C. landlord to raise rents 23.5%
A potentially precedent-setting ruling from the Residential Tenancy Branch has prompted the B.C. Minister of Housing to review special rent increase applications. The ruling allowed a landlord to increase rent by 23.5 per cent because of rising mortgage costs.
Canada a hyper version of multifamily trends
Multifamily continues to be an investment favourite, with Canada perhaps demonstrating the hyper version of what’s happening in markets elsewhere. "Contrasting Canada to the U.S., we don’t have the same supply coming online,” observed Robert Santilli of Altus Group Canada.
Investors turning tide on detached home sales: Re/Max
In the first half of 2024, seasoned buyers and investors drove detached home purchases in Canada’s priciest markets, including the Greater Toronto Area, Greater Vancouver Area and Fraser Valley, while first-time buyers were sidelined, Re/Max Canada reports.
Fed. agencies divided on applying work-from-office rules
Separate agencies within the federal government, including the Canada Revenue Agency and the Canadian Security Intelligence Service, are divided on whether to adopt new rules that will increase public servants’ office presence come September.
Muscowpetung FN says Regina is sitting on Yards proposal
For two years, Muscowpetung First Nation has been waiting for the City of Regina’s response to a proposal to build an Indigenous business hub on the former rail lands known as the Yards.
Construction starts on Burnaby rental development
New affordable rental homes are finally under construction in Burnaby. The development on the empty lot at 3838 Hastings St. will include 161 apartments and a 74-space child-care centre operated by the YMCA of Greater Vancouver.
Industry fears 'catastrophe' ahead of potential rail stoppages
North American industry groups and shippers are bracing for an unprecedented simultaneous stoppage at both of Canada's main railway companies that could inflict billions of dollars of economic damage. As the second-largest country by area, Canada relies heavily on trains.
B.C. pays $2.65B to widen Hwy. 1 from Langley to Abbotsford
The B.C. government has announced $2.65 billion in funding to widen and improve Highway 1 in the Fraser Valley in order to reduce traffic congestion and cut commute times between Langley and Abbotsford.
Ottawa has softened its capital gains tax hike - not enough
OPINION - In the April, the federal government changed the taxable portion of capital gains. For individuals, it increased from 50 per cent to 67 per cent for gains in excess of $250,000. For businesses, there was no such threshold.
Quebec’s CDPQ gains 4.2% as stocks offset RE losses
Caisse de Dépôt et Placement du Québec scored a 4.2 per cent return in the first half of the year, as big gains in public and private equities helped the fund overcome losses on real estate and bonds.
Funds are sitting on $2.6T in dry powder - will they actually spend It?
Global private equity and venture capital funds have $2.6T in uncommitted capital waiting to close deals. In recent earnings calls, big CRE names, including Blackstone, Starwood and TPG, said they have billions to spend.
RXR examines 5 Times Square for partial residential conversion
RXR Realty is exploring converting a portion of 5 Times Square into housing, Commercial Observer reports. The 1.1M-sq.-ft., 39-story office tower was just 31 per cent occupied in September 2022.
Trump pitches $3 billion in condos at Miami-area golf course
Donald Trump wants to sell more high-end condos in the U.S., this time using a famously difficult Florida golf course as a draw. The Trump family business is seeking to build residences and retail inside Trump National Doral Miami resort.
Dalfen, Centerbridge add to IOS portfolio
The joint venture between Dalfen Industrial and Centerbridge Partners is continuing to expand its industrial outdoor storage portfolio across the U.S. This time, the partnership acquired two East Coast properties in off-market transactions.
Industry Events
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Quebec City Real Estate Forum
Oct 16 2024
Quebec City Convention Centre
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Canada Real Estate Auction
Oct 22 2024
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Calgary Real Estate Forum
Oct 29 2024
Calgary TELUS Convention Centre
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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